Global debt to GDP, could that perhaps explain the price development for gold? The time series are not matching, but the resemblance is striking. The price of gold measured in dollars before 1971 is irrelevant since gold was fixed to $35 per ounce. Year 1971, president Nixon shocked the world by removing the gold standard and the printing began for real.
Social unrest is nearly widespread in Europe as politicians struggle with sovereign debt. Is France next in line after UK?
Enjoy this lecture about gold by Mike Maloney
Definitely a good video to watch!
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